WA Asset Management Acquires BT Wealth Management
Summary
This acquisition lays the groundwork for further growth in the Southeast and beyond, and we are thrilled to welcome the talented and dedicated BTWM professionals to our team.” “We were incredibly thoughtful and strategic in partnering with WAAM,” Craig added. I look forward to seeing our clients and our people thrive under this new partnership.” In addition to announcing the acquisition, WAAM plans to rename itself and redefine its brand in the coming months. “Our goal is to honor our heritage and the valuable partnerships we’ve fostered throughout our history, while simultaneously showcasing our forward-looking momentum.” The acquisition of BTWM marks WAAM’s second since accepting an equity investment in December 2021 from Wealth Partners Capital Group (“WPCG”) and HGGC, leveraging the latter’s Aspire Holdings platform. WPCG assists its partner firms by identifying and integrating like-minded registered investment advisers and financial advisors who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. HGGC is a leading middle-market investment firm based in Palo Alto, California, with over $6.8 billion in cumulative capital commitments.